Well, Mr. Forbes still has five months for his prediction to occur, but I rather suspect that he still isn't going to take a public short position in oil futures in this market.
LOL you waited almost a year to reply? Steve's a nice guy, but.......
If the Russians ever get their petro act together, and if Nigeria manages to stem the rebellion in her oil delta, and if we ask China and India pretty please not to use so much oil, and if America can arrive at a concensus on her energy policy which takes into account crazy Hugo Chavez along with ANWR, new refineries, nukes, etc. etc...maybe we'll see prices return to the mid to high fifties.
But don't hold your breath ;)